City of Titusville First-Time Homebuyer Program

City of Titusville First-Time Homebuyer Program is a forgivable loan for homebuyers in Titusville, Florida. City of Titusville provides up to $70,000 in forgivable 0% interest SHIP loan for eligible first-time homebuyers within city limits. 5-15 year forgiveness term. Funding comes from State.

City of Titusville First-Time Homebuyer Program is forgiven after 15 years, so a homebuyer who stays that long does not repay it. Repayment is triggered by Sale, Refinance, and No longer primary within forgiveness period. The assistance is recorded in 2nd Lien position. Forgiveness and repayment terms are set by the program and can change — confirm them on the official program page before applying.

City of Titusville First-Time Homebuyer Program is open to first-time homebuyers and homebuyers who will live in the home as their primary residence. "First-time homebuyer" usually means not having owned a home in the last three years, but the program sets its own definition. The program lists a minimum credit score of 620. A homebuyer education course is required.

City of Titusville First-Time Homebuyer Program limits household income to 120% of the area median income, which varies by county and household size. Income up to 120% AMI for Brevard County. Area median income figures are published by HUD and updated annually, so check the current table for the county before relying on a number.

City of Titusville First-Time Homebuyer Program can be used for Single Family, Condo, and Townhouse.

City of Titusville First-Time Homebuyer Program serves homebuyers purchasing in Titusville, Florida.

Applications for City of Titusville First-Time Homebuyer Program go through the administering agency, which publishes the current terms and the application steps on its own site. Hey Prescott is not a lender and does not accept applications; this page describes the program so a homebuyer can take it to a lender or housing counselor.